$463 Closing Credit*
$38,950
1,901 SqFt
3 Beds
•1 Full Bath, 1 Partial
Robin Lawhorn, Listing Office: Glocker & Company-Boyertown
Is Reading Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Reading Township has remained a Seller's Market.
Key Takeaway
Reading Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Reading Township, PA
How much do homes in Reading Township, PA cost?
Median Sold Price
$249,930
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,930(+8.7%)
Key Takeaway
Homes in Reading Township have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Reading Township was $249,930 in October 2024, up 8.7% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $136K | $143K | +5.1% |
| 2 Bedrooms | $195K | $200K | +2.6% |
| 3 Bedrooms | $231.8K | $250K | +7.8% |
| 4 Bedrooms | $298.9K | $325.8K | +9.0% |
| 5+ Bedrooms | $173K | $195K | +12.7% |
Summary: Reading Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 12.7%.
Median Sold Price Compared To Nearby Cities
| East Berlin | $286K | $324K | +13.3% |
| Reading Township | $230K | $249.9K | +8.7% |
| Washington Township | $217.6K | $230K | +5.7% |
| Latimore Township | $359.9K | $379K | +5.3% |
Housing Supply in Reading Township, PA
How many homes are available in Reading Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 621 | 569 | -8.4% |
Summary: The Reading Township real estate market had 569 homes for sale in October 2024, a 8.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 62 | 49 | -21.0% |
| 3 Bedrooms | 269 | 246 | -8.6% |
| 4 Bedrooms | 191 | 183 | -4.2% |
| 5+ Bedrooms | 95 | 86 | -9.5% |
Summary: The Reading Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 21%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 9.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 215 | 176 | -18.1% |
Asking Price vs. Sold Price
54 Homes Were Sold
Under Asking
48 Homes Were Sold
At Asking
74 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Reading Township, you could pay more than the asking price. 42% of homes here sold above asking price last month.
Summary: A total of 176 homes were sold or pending in Reading Township in October 2024, down by 18.1% month-over-month. Of the 176 sold homes, 31% were sold under asking, 27% were sold at asking, and 42% were sold over asking.
Days on Market for Reading Township, PA
How long does it take to sell a home in Reading Township, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 21 Days | +26.1% |
Summary: Homes in Reading Township had an average of 21 days on market in Oct 2024, up by 26.1% compared to last year.
Breakdown of Home Sale Times
137 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Reading Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 176 homes were sold in Reading Township; 78% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
